ETH Price Dips 2.11% Amid ETF Outflows and FOMC Volatility, Trading Volume Hits $23.3B

Ethereum (ETHUSDT) experienced a 2.11% price decline over the last 24 hours, with the Binance price at $2,530.53, down from a 24h open of $2,585.01. This drop is attributed to a combination of broader bearish sentiment typical for June, the end of a 19-day net inflow streak for Ethereum spot ETFs (with $2.1 million in outflows), and increased market volatility following the start of the Federal Reserve's FOMC meeting, which kept interest rates unchanged. Despite the price decrease, Ethereum saw robust trading activity, with 24-hour volume near $23.3 billion and open interest in derivatives approaching $40 billion, reflecting strong liquidity and ongoing institutional interest, including significant corporate accumulation and continued demand for Ethereum ETFs. The circulating supply remains stable at approximately 120.72 million ETH, and the market cap is around $305.95–$314.98 billion, positioning ETH as a leading cryptocurrency by market capitalization.